Vertical Analysis of Balance Sheet

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:

	Current Year		Previous Year
Current assets	$308,700		$185,280
Property, plant, and equipment	596,820		532,680
Intangible assets	123,480		54,040
Current liabilities	246,960		131,240
Long-term liabilities	391,020		324,240
Common stock	82,320		77,200
Retained earnings	308,700		239,320

Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place.

Alvaraz Company
Comparative Balance Sheet
For the Years Ended December 31
	Current year Amount	Current year Percent	Previous year Amount	Previous year Percent
Current assets	$308,700	%	$185,280	%
Property, plant, and equipment	596,820	%	532,680	%
Intangible assets	123,480	%	54,040	%
Total assets	$1,029,000	%	$772,000	%
Current liabilities	$246,960	%	$131,240	%
Long-term liabilities	391,020	%	324,240	%
Common stock	82,320	%	77,200	%
Retained earnings	308,700	%	239,320	%
Total liabilities and stockholders' equity	$1,029,000	%	$772,000	%